Non-Eurozone ESCB

Currencies: Sterling holds gains as U.K. inflation pace slows

Although foreign-exchange traders trim gains in the British pound, sterling remains in positive territory against the dollar and the euro, playing off data show an easing of U.K. inflation pressures during October.

Data to be released today includes Producer Price Index figures

The foreign exchange market was relatively calm overnight with the U.S. dollar trading marginally stronger against most currencies. Equity markets across the globe continue to lose value on renewed fears over corporate earnings...

Markets News Tuesday: Irish market down; Bank of Ireland partially rebounds but still below €1

Hijackers boarded the Saudi Arabian Oil Co. Sirius Star about 450 nautical miles from the Somali coast on Nov. 15th, the pirates’ farthest strike offshore so far, Lieutenant Nate Christensen of the US Navy’s Fifth Fleet said by...

U.K. CPI Falls The Most In The Last Decade

The U.K. Consumer Prices Index plunged in October, falling to 4.5%, down from 5.2% in September. The Core CPI read, which excludes volatile items, was also below market expectations, falling to 1.9% from one year ago. Even...

Savings accounts rates cut research shows

Savers are being hit by a base rate drop as 14 providers cut their rates by more than 1.5 per cent, a new study has found. By Myra Butterworth, Personal Finance Correspondent The research revealed that 24 savings account...

Mortgage rates 'unhelpful' to first-time buyers - analysis

First-time buyers are not receiving the full benefit from house price falls because of big hikes in mortgage rates for people with small deposits, figures showed today. The best mortgage deal available for someone with only a...

Why can't we work together to stop people losing their homes?

Published Date: 18 November 2008 CATHY JAMIESON, MSP Shadow cabinet secretary for health and wellbeing SCOTLAND is in the eye of an economic storm. Mervyn King, the governor of the Bank of England, says that the UK banking...

Britain needs tax cuts for life, not just for Christmas, warns Cameron

Nov 18 2008 by Tomos Livingstone, Western Mail TAX cuts planned in next week’s pre-budget report must be “for life, not just for Christmas”, the Conservatives said as they warned the government is hiding future rises. Prime...

October wholesale prices plunge record 2.8 percent

The sign in front of a Seven Eleven store in Independence, Mo. shows the price of one gallon of unleaded regular gasoline to be $1.69.9 on Wednesday, Nov. 12, 2008. Oil prices dropped below $57 a barrel Wednesday as a Bank of...

Pound rises against dollar despite Osborne's warning

Sterling rose against the dollar today, in defiance of shadow chancellor George Osborne's controversial warning that it could "collapse". The pound climbed to $1.4964 this morning, from $1.4855 on Friday, as currency markets...